ScotWind offshore auction collects £700m

A sale of seabed plots for big offshore wind projects off the coast of Scotland raised £700 million. In the first leasing round in a decade, seventeen projects totaling 7,000km2 were picked.

They have a total potential producing capacity of 25GW, which is significantly greater than the predicted auction outcome of 10GW.

Scotland has 1.9GW of active scotwind offshore wind capacity, with an additional 8.4GW under construction or in early development.

More than 70 offers were received for the ScotWind lease auction from major oil corporations, utility companies, and investment institutions from across the world.

The majority of the locations are on Scotland’s east, northeast, or northern shore, with only one on the western side.

If you want to get updated information about the current happenings then be updated with our website. Stay tuned and be updated.

Also read – Wordle developer donates the money earned via app

Recent Posts

New ‘Five Nights at Freddy’s’ Trailer & All details you need to know!

Are you guys excited about Mathhew Lillard's show  Five Nights at Freddy.  we are sure…

1 year ago

All About Jesse Watter’s Conspiracy: Fox News hidden Facts

Fox News selected Jesse Watters as a new prime time host for its new 8…

1 year ago

US First Lady Jill Biden calls on men to step up and fight to protect women’s rights

Jill Tracy Biden an American educator, and the current first lady of the United States…

2 years ago

The big boy’s meeting- a turning point in China-Russia Relations

Xi Jinping made a three-day visit to Moscow and it has been marked as a…

2 years ago

ISRO Discussing Possible Mission To Moon With Japanese Agency: Chairman S Somanath

  The chairman of the Indian Space Research Organisation Sreedhara Panicker Somanath stated on Wednesday…

2 years ago

After India, UK is banning Tik Tok on Government devices!!

According to the reports, British minister Oliver Dowden said in recent meeting, that the government…

2 years ago